Expected trading for today is between 9200.00 support
and 12400.00 resistance
Bitcoin price broke yesterday the 10000.00 level
and due the aggressive selling tested the 9200.00 level.
but a lot of investors as expevted, are buying bitcoin after
the slide, because they expect it to rise in value.
- Bitcoin value now is sitting around 10900.00 level and the volatility of bitcoin / and other crypto currencies / still expected, due a lot of panic in the market:
- With South Korea, Japan and China about a regulatory swoop.
- With officials in France and the United States vowing to investigate cryptocurrencies, there are concerns that global coordination on how to regulate them will accelerate.
I wrote in my last post : "I believe the buyers will return around 10000.00 level and push the price again to the upside" and as expected a lot of investors bought at low prices around 9300.00 - 10000.00 range, the reason why I expect the WILD SWINGS to continue.
The trend is still bearish, but technical indicators suggest a return in bullish momentum that might move the price up towards 12400.00 level.
Expected trading for today:
is between 9200.00 support and 12400.00 resistance.
Expected trend for today:
Bearish.
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